Govt To Have Dialogue With Mining Industry On Laws

Post Courier | July 2, 2019

Changes or amendments to the current resource laws will not be a shock to the industry, says Prime Minister James Marape.

Mr Marape while responding to the Rabaul MP Dr Allan Marat said the government will be engaging with the industry and will advise them on its thoughts and views and will listen to what the industry has to say before making any changes.

He said the Constitution was drafted by the founding fathers of this nation, however, the environment of doing business today has migrated so much away from what it was in the 70s, 80s 90s and early 2000s that is why it is necessary for the change.

“We will be engaging, having a by petition approach in the area of resource laws and finding a balance in not chasing away our investors but getting to ensure that we pick from the resource harvest through the systematic and proper shift in our resource laws,” he said.

“I put to this House in my view that amendments that we make will not be radical and such that will shock the industry.

“We will introduce to the industry what we have in mind and exactly what we have in mind must come forth from the discussions.

“Our discussions must be signaled in a systematic manner to the industry so they know exactly what we are talking about here and in this house I am comforted in having greater experience around me.”

He said the government is not in the business of chasing away miners in the country.

“They are here to partner us but as they partner us, the laws that we have will be the ones that we’ll honour and deal with them.

“But going forward I am in the business of discussing with all likeminded leaders of both sides of the houses, as well as our civil servants and advisors to ensure that we tailor make a new series of law and a constitution and these laws will not differ much or the laws will not differ from the intention of our Constitution,” he said.

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1 Comment

Filed under Financial returns, Papua New Guinea

One response to “Govt To Have Dialogue With Mining Industry On Laws

  1. Pingback: Govt To Have Dialogue With Mining Industry On Laws | Industry news

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